NOT LISTED FOR SALE

5700 Fairmount Ave Downers Grove, IL 60516

South Downers Grove Neighborhood

Estimated Value: $1,289,000 - $1,461,000

4 Beds
4.5 Baths
3,940 Sq Ft
$347/Sq Ft Est. Value

Last Sold July 18, 2022

Last sale price $1,210,000 $307 Per Sq Ft

Est. 13% increase in value since last sale

Current estimated payment $8,790/month

3 Days on Market

Highlights

  • Breakfast Room
  • Living Room
  • Central Air
  • Fairmount Elementary School Rated A-
  • Laundry Room
  • 7 Car Garage

About This Home

As of July 2022

2004 built, meticulous and well maintained Victorian with a very deep lot and beautifully landscaped yard featuring a pergola, exterior fireplace and built in grill. 3 car attached garage and an additional detached 4 car garage with gaming area above. 4 bedrooms on the 2nd floor and a finished basement perfect for entertaining or family gatherings. Mudroom with tons of storage and laundry plus additional laundry on the 2nd floor. Great open floor plan from the kitchen to the breakfast area and family room with formal living room, dining room plus a private office or playroom bonus area.

Last Agent to Sell the Property

Paul Mancini

@properties Christie's International Real Estate License #475163974 Listed on: 05/31/2022

@properties Christie's International Real Estate

Last Buyer's Agent

Chris Pequet

Jameson Sotheby's International Realty License #475096854

Jameson Sotheby's International Realty

Home Details

Home Type

  • Single Family

Est. Annual Taxes

  • $15,251

Year Built

  • Built in 2004

Lot Details

  • Lot Dimensions are 75x300

Parking

  • 7 Car Garage
  • Parking Space is Owned

Home Design

  • Frame Construction

Interior Spaces

  • 3,940 Sq Ft Home
  • 2-Story Property
  • Family Room
  • Living Room
  • Breakfast Room
  • Dining Room

Kitchen

  • Range
  • Microwave
  • Dishwasher

Bedrooms and Bathrooms

  • 4 Bedrooms
  • 5 Potential Bedrooms

Laundry

  • Laundry Room
  • Dryer
  • Washer

Finished Basement

  • Basement Fills Entire Space Under The House
  • Finished Basement Bathroom

Utilities

  • Central Air
  • Heating System Uses Natural Gas
  • Lake Michigan Water

Listing and Financial Details

  • Homeowner Tax Exemptions

Home Details

Home Type

Single Family

Est. Annual Taxes

$15,251

Year Built

Built in 2004

Lot Details

0

Parking

7

Listing Details

  • Property Type: Residential
  • Property Type: Detached Single
  • Type Detached: 2 Stories
  • Ownership: Fee Simple
  • New Construction: No
  • Property Sub-Type: 2 Stories
  • Year Built: 2004
  • Age: 16-20 Years
  • Built Before 1978 (Y/N): No
  • Disability Access and/or Equipped: No
  • General Information: School Bus Service
  • Rebuilt (Y/N): No
  • Rehab (Y/N): No
  • ResoPropertyType: Residential
  • Special Features: None
  • Property Sub Type: Detached

Interior Features

  • Appliances: Range, Microwave, Dishwasher, Refrigerator, Washer, Dryer
  • Basement: Full
  • Full Bathrooms: 4
  • Half Bathrooms: 1
  • Total Bathrooms: 5
  • Total Bedrooms: 4
  • LivingArea: 3940
  • Room Type: Breakfast Room, Bedroom 5
  • Estimated Total Finished Sq Ft: 0
  • Basement Description: Finished
  • Basement Bathrooms: Yes
  • Below Grade Bedrooms: 1
  • Total Sq Ft: 0
  • Total Sq Ft: 0

Exterior Features

  • List Price: 1199000
  • Waterfront: No
  • Exterior Building Type: Frame

Garage/Parking

  • Garage Spaces: 7
  • Number of Cars: 7
  • Garage On-Site: Yes
  • Garage Ownership: Owned
  • Garage Type: Attached,Detached
  • Parking: Garage

Utilities

  • Sewer: Public Sewer
  • Cooling: Central Air
  • Heating: Natural Gas
  • Water Source: Lake Michigan

Condo/Co-op/Association

  • Association Fee Frequency: Not Applicable
  • Master Association Fee Frequency: Not Required

Fee Information

  • Association Fee Includes: None

Schools

  • Middle/Junior School District: 58

Lot Info

  • Lot Dimensions: 75X300
  • Lot Size: .50-.99 Acre
  • Special Assessments: N

Rental Info

  • Board Number: 8

Tax Info

  • Tax Annual Amount: 15250.86
  • Tax Year: 2020
  • Tax Exemptions: Homeowner

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
May 31, 2022
Closed on
Jul 18, 2022
Sold by
Timothy D Neumann 2010 Living Trust and Sonja M Neumann 2010 Living Trust
Bought by
Costantini Thomas R and Costantini Danielle
Seller's Agent
Paul Mancini
@properties Christie's International Real Estate
Buyer's Agent
Chris Pequet
Jameson Sotheby's International Realty
List Price
$1,199,000
Sold Price
$1,210,000
Premium/Discount to List
$11,000
0.92%
Current Estimated Value
$1,366,175

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$156,175
Avg. Annual Appreciation
3.83%
Original Mortgage
$968,000
Outstanding Balance
$901,868
Interest Rate
3%
Mortgage Type
New Conventional
Estimated Equity
$464,307

Purchase Details

Closed on
Jan 24, 2011
Sold by
Neumann Timothy D and Neumann Sonja M
Bought by
Neumann Timothy D and The Timothy D Neumann 2010 Liv

Purchase Details

Closed on
May 5, 2004
Sold by
Downers Grove National Bank
Bought by
Neumann Timothy D and Neumann Sonja M

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$500,000
Interest Rate
3.25%
Mortgage Type
Credit Line Revolving

Purchase Details

Closed on
Jul 23, 2002
Sold by
Clark Ethel Myrtle
Bought by
Downers Grove National Bank and Trust #00-053

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$184,000
Interest Rate
6.7%
Source: Public Records

Range of Values:

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Average Value
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List Price
Sold Price
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Home Values in the Area

Source: Public Records

Average Home Value in this Area

Source: Public Records

Purchase History

Date Buyer Sale Price Title Company
Costantini Thomas R $1,210,000 Proper Title
Neumann Timothy D -- None Available
Neumann Timothy D $925,000 First American Title
Downers Grove National Bank $230,000 Burnet Title Llc
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Open Costantini Thomas R $968,000
Previous Owner Neumann Timothy D $500,000
Previous Owner Downers Grove National Bank $184,000
Source: Public Records

Property History

Date Event Price List to Sale Price per Sq Ft
07/18/2022 07/18/22 Sold $1,210,000 +0.9% $307 / Sq Ft
06/03/2022 06/03/22 Pending -- -- --
05/31/2022 05/31/22 For Sale $1,199,000 -- $304 / Sq Ft
Source: Midwest Real Estate Data (MRED)

Tax History Compared to Growth

Source: Public Records

Tax History

Year Tax Paid Tax Assessment Tax Assessment Total Assessment is a certain percentage of the fair market value that is determined by local assessors to be the total taxable value of land and additions on the property. Land Improvement
2024 $18,567 $332,301 $69,652 $262,649
2023 $17,683 $305,480 $64,030 $241,450
2022 $16,591 $287,900 $60,350 $227,550
2021 $15,532 $284,620 $59,660 $224,960
2020 $15,251 $278,990 $58,480 $220,510
2019 $14,779 $267,690 $56,110 $211,580
2018 $13,373 $241,150 $71,050 $170,100
2017 $12,958 $232,050 $68,370 $163,680
2016 $13,038 $239,040 $65,290 $173,750
2015 $12,914 $224,900 $61,430 $163,470
2014 $13,775 $231,740 $59,730 $172,010
2013 $13,496 $230,650 $59,450 $171,200
Source: Public Records

Agents Affiliated with this Home

  • Paul Mancini

    Seller's Agent in 2022

    Paul Mancini

    @ Properties

    (630) 267-1899

    5 in this area

    249 Total Sales

    Paul Mancini
    Section Image
  • Chris Pequet

    Buyer's Agent in 2022

    Chris Pequet

    Jameson Sotheby's International Realty

    (630) 327-5175

    1 in this area

    97 Total Sales

    Chris Pequet
    Section Image
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Map

Source: Midwest Real Estate Data (MRED)

MLS Number: 11419145

Midwest Real Estate Data (MRED)

APN: 09-17-200-044

Illinois DuPage County Downers Grove 60516 South Downers Grove

5700 Fairmount Ave, Downers Grove, IL

This home is located at 5700 Fairmount Ave, Downers Grove, IL 60516 since 31 May 2022 and is currently estimated at $1,366,175, approximately $346 per square foot. This property was built in 2004. 5700 Fairmount Ave is a home located in DuPage County with nearby schools including Fairmount Elementary School, O'Neill Middle School, and Downers Grove South High School.

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